Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Trading 2.8% Higher – What’s Next?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s stock price traded up 2.8% during mid-day trading on Monday . The stock traded as high as $18.57 and last traded at $18.48. 230,422 shares traded hands during trading, a decline of 44% from the average session volume of 408,381 shares. The stock had previously closed at $17.98.

Analyst Upgrades and Downgrades

INR has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 price objective on the stock. KeyCorp initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price target on the stock. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 price objective for the company. Capital One Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They set an “overweight” rating on the stock. Finally, Citigroup began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued a “buy” rating and a $27.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Up 1.0 %

The company’s 50 day simple moving average is $21.61 and its two-hundred day simple moving average is $32.88.

Insider Buying and Selling

In other news, Director Steven D. Gray bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Market Vectors Indian Rupee/USD ETN Company Profile

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.